Amazon recently announced that it is acquiring Italian software as a service (SaaS) company NICE, which develops products to help customers optimize and centralize their high performance computing and visualization workloads.   In September last year, Amazon had acquired Elemental Technologies, a backend mobile video service for $500 million, to strengthen the cloud infrastructure services offered by its web services division.  According to our estimates, Amazon Web Services accounts for nearly 30% of its valuation and is the most profitable division for the company. Strategic acquisitions to strengthen the offerings of this division are instrumental to attract and retain clients, driving revenues and positively impacting the valuation of the company. Ericsson recently announced a global business, technology and services alliance with Amazon Web Services to accelerate cloud transformation for telecom service providers.  We believe this should boost revenues for AWS, and act a catalyst for growth of its telcom cloud services business, given the large customer base of Ericsson.

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